Established in April 2007, the South Hill (Fraser Street) BIA is one of Vancouver’s newest Business Improvement Areas (BIAs) encompassing about 180 business tenants and commercial property owners along Fraser Street between 41st Ave and 50th Ave. Representing all owners and tenants, the South Hill Business Association (SHBA) is a not-for-profit organization established to develop, encourage and promote business within the SHBIA.
The association is funded by a property tax levy paid by each commercial property owner within the South Hill BIA boundaries. In most lease agreements, property owners pass on this cost to the business tenants.
The annual SHBA budget is distributed to the membership prior to the Annual General Meeting (AGM) where it is discussed and approved. All BIA annual budgets are also approved by the City Council.